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20121129
Search Results 0 to 11 of about 12 (some duplicates have been removed)
reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account day and discover another reason >> wednesday, november 28th a bombshell report from forbes this morning, 11 states are in a death spiral. don't buy a house and don't invest in their municipal bonds. california, new york, illinois, of course they're on the list and smaller states like mississippi and new mexico also on that death spiral list. and the problem with the states accord to go william baldwin, he wrote the story, more takers than makers and all have more people depending on the government than working in the private sector and like california, for
. apparently, warren buffett liked the idea. we will talk about that coming up. dagen: the newest reading on home prices. we see promise. six straight month of gains. jo professor will have his report on whether the housing market can continue. the price of oil going down. ♪ but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. dagen: breaking news to bring you. take a live look at these pictures. cairo, egypt. thousands of people chant
or something. >> eliot: warren buffett continued to be the pragmatic voice of the majority. >> i think there is a general feeling among the american public certainly and even among many in congress that the rich like me have been getting away with low tax rates and it is time to make the tax rates more progressive. >> eliot: for more on the fiscal cliff negotiations, i'm joined by congressman peter welch, democrat from vermont. thank you for joining us. >> thank you. >> eliot: what should the deal look like? all of the chatter, smoke and mirrors, what is the deal you would like to see? >> well, first of all, i do believe the middle class has a stake and a good, solid balanced, deficit reduction plan. the plan should be what the president campaigned on, namely balance. that means we've got to have a substantial contribution from revenues. the revenues have to come from the folks who have been making good money during the recession. that's folks over $250,000 or some number close to. that the pentagon's got to make a
's a shift. warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call
incumbent wealth. if you take the wealth of two admittedly hugely rich people, bill gates and warren buffett, their wealth is equal to the collective wealth of the bottom 40% of the income distribution in the united states. two got a very cool to the bottom 1 twenty million americans. that is pretty big. interestingly, this was a surprise. i sold my book to the publishers in september of 2008 just before the financial crisis and then the crisis happened and many people were sad and i had a particular reason for sorrow because i thought the entire premise of my book is gone. the superelite is over. this financial crisis has happened, surely this system is going to change completely and these superfortunes will be wiped out and there will be a real calibration. i wrote a new book proposal. but after six months i was talking to my publishers and we said actually, that proposal is still going to work. the data of borne that out. i would like to talk about it as the 1% recovery. if you look at -- it is true. if you look at the economic recovery, the numbers in terms of income distributions in 200
people like warren buffett are willing to do that. it seems to me that's the price of admissions. if the only thing they mean when they say deficit reduction is cutting entitlements. it's about cutting entitlements. >> the same guys at the trough for a bailout are now experts on what we ought to do with entitlement programs in this country. i find that amazing. then mr. blankfine throws a scenario. people don't have 25-year careers. they have 40-year careers. and construction people when they get in their early 50s and worked for 30 years, their bodies are broken down. >> exactly. >> what are they supposed to do? hang around for another 15 until medicaid shows up? they are paying lip service. it's romney 2.0. that's all it is. so what should liberals in this country be prepared to accept at this point as you see it? >> i really think that we should go back to the clinton rates, which are still lower than they should be. that's where we ought to start. if people want to talk about tax reform, let them get specific. because there are certain forms of so-called tax reform that could
in the world. as warren buffett has been saying for the last 24 hours, are you really going to turn down a good investment opportunity just because the tax rates are a little higher in we're talking about a minor 4 percentage point increase in the upper end of the tax rate here. it's not life or death. you know, cutting the deficit and raising taxes, if they can't agree, which congress has shown themselves inability to agree. if they're not going to agree, maybe it's not the worst thing in the world for tax rates to go up and for the deficit to be cut. i think that could result in a big economic boom. >> wow. >> and then, let's say two weeks after we go over the cliff, after the 1st of january, they then cut attacks for everybody -- >> but here's the problem with that notion. it's not fine. but, john, it's not fine because a lot of ordinary middle class people -- >> that's the problem. >> -- are trying to spend money at christmas and they're deeply anxious about what's going to happen in january. and these people don't appear to have any regard for the fact that the majority of americans agree
warren buffett are willing to do, some high income people. it seems to me that's the price of admissions. if the only thing they mean when they say deficit reduction is cutting entitlements, that's not about deficit reduction. it's about cutting entitlements. >> the same guys that are at the trough for a bailout are now experts what we ought to do with entitlement programs in this country. i find that amazing. then mr. blankfein, he throws out a scenario which is totally unrealistic. people don't have 25-year careers. they have 40-year careers is what they have. and construction people when they get in their early 50s and they've worked for 30 years, their bodies are broken down. >> exactly. >> what are they supposed to do? hang around for another 15 till medicare and medicaid show up? they're not even living in the real world. going after entitlements is basically paying lip service to the right wing. it's just romney 2.0. that's all it is. so what should liberals in this country be prepared to accept at this point as you see it? >> well, i really think that we should go back to the cli
help the deficit. warren buffett can help them out. lori rothman and melissa francis with more coming up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. >> charlie gasparino on the future of the firm. time for stocks as we do every 15 minutes, before the new york stock exchange, nicole petallides on the floor. a deal is possible by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a varie
on "squawk" this morning. a number of gop lawmakers say they will reject the no-tax pledge. warren buffett taking a jab at norquist this morning in an op-ed in the "times." he says let's forget about the rich and ultrarich going on strike and stuffing ample funds under their mattresses if capital gains are increased. ultrarich will forever pursue investment opportunities. >> i thought that was right. i thought it was right. we always hear job creators. i started a lot of businesses. they never make any money at the beginning. i don't want -- a great line there. i don't want to be so successful i have to pay a lot of taxes. that's stupid. that's something from someone who never ran a business. the late george mcgovern where he discovered how hard it was to be a businessman, you don't create a job. you create a job for tremendous success but you accept losses at the beginning. you never take an investment and say i don't want to do that because i'm afraid i'll have to pay taxes. you just don't. >> regulation sort of dealing with a lot of red tape which we also hear about as an impediment. >>
Search Results 0 to 11 of about 12 (some duplicates have been removed)